Golden Rules for Financial Prosperity

Always have several streams of income and never rely on one income from one source only, having just one job is like having just enough to live. Get another job or start making money with Adsense.

As soon as you start to earn, start to put aside a certain amount, the best way is in a savings account, so now when you need some emergency money, you can immediately get that money from your savings account! The best way is to automatically put a percentage of your income aside for your savings account.

Imagine you need some quick cash for medicine for example. Now you got all the money you need!

Always take care of your money personally, it’s not necessary to do everything personally as soon as you can afford it but never allow any other person to have a right to handle your money without your knowing, always take care of it by yourself no matter what.

If you don’t have time, use Microsoft Money. It’s the best programs of this kind to manage money!

Keep your wife/girl out of business when it comes to money. They often think we are money making machines for them and they always overspend!

Don’t supervise your investments and expenditures only – Always strictly collect your money. Never allow people to owe you – again: with no regard to how much money you have, always demand every dollar you earn to be paid to you, real friends do not want to owe you money!

Always distinguish between expenditures and investments since it’s very easy to put everything as cost or overhead, don’t do this. Expenditure is money lost forever and investments is something you will get a return in the future. Use this easy rule: expenditure or cost is money thrown out of the window – you can’t expect any return money on it, while investment is desirable (of course, not every investment is desirable): this should bring you more money, more property able to make you more money – the only questions you should carefully consider are whether you can/should afford such an investment at the moment, how much you’re going to get back, how fast and whether it is acceptable.

Keep your expenditures at the minimum with no regard to how much money you have: expenditures are killing for everyone. It’s useless to tell you stories about big fortunes lost by unwise costs. I’m sure you know many yourself from your neighbourhood. Never spend money you don’t really need. It’s so easy to feel the desire to spend money in the heat of a party for example! Don’t take money with you if you don’t trust you.

Avoid loans, don’t borrow if you don’t know for sure you can repay. Never purchase anything on future incomes or promises. Think about the future but don’t depend on it!